ChrisBanescu.com

Conservatives warned about it, economists predicted it, and now it’s here. Inflation has arrived and it’s taking off like a rocket. IBD reports that wholesale prices, often a precursor to consumer prices, rose at an yearly rate of 8% in February. The story warns: “Food prices today are the highest on record, rising at double-digit [...]

Yesterday, the Senate Democrats soundly defeated the attempts by the Republicans in the House to implement a very minute cut for the 2012 federal budget. Referring to the approximately $61 billion that the GOP was recommending (a mere 1.6% when compared to the $3,700 billion budget being proposed) the Democrats “emphatically rejected a budget-slashing House [...]

8/23/2010 – Jeffrey Folks – During the same week in which the president was vacationing in a $50,000-per-night home in Martha’s Vineyard, half a million Americans were standing in line, waiting their turn to apply for unemployment benefits. Those benefits are about $400 a week, not enough to put food on the table, pay the [...]

In what can only be described as a partisan, pro-Obama puff piece, The New York Times has now proclaimed on its Economix Blog that tax increases are the best way to “stimulate” our economy and help America reach “fiscal sustainability”: The single biggest step our government could take this year to address the structural deficit [...]

President Obama has pledged more of your money to protect the unions and secure their vote. The administration demanded and got $26 billion taxpayer dollars to spare 300,000 teachers and other public workers from the unemployment lines. The hundreds of billions of taxpayer money already spent by Obama and the Democrats since 2009 to pay [...]

With the national unemployment rate at 9.7%, there are now 14.9 million jobless American workers. This is the highest number ever recorded since the 1950s. Some American workers have been collecting unemployment payments for as long as 99 weeks. This situation was made possible by the multiple extensions of the unemployment insurance program passed by [...]

Amazon.com | by Nicole Gelinas | 2009 Robust financial markets support capitalism, they don’t imperil it. But in 2008, Washington policymakers were compelled to replace private risk-takers in the financial system with government capital so that money and credit flows wouldn’t stop, precipitating a depression. Washington’s actions weren’t the start of government distortions in the [...]

A new report from the Bureaus of Labor Statistics that was released today, shows that almost 15 million Americans are currently out of work and unable to find jobs. Worse still, those with jobs have not seen their wages increase much in the last 10 years. However, government workers are enjoying a boom in hiring [...]

American Thinker | by C. Edmund Wright | Nov. 20, 2009 Can Barney Frank dunk on Lebron? No, he cannot. Nor can anyone else in Washington. Nor can they catch passes from Ben Rothlisberger in the Super Bowl or strike out Derek Jeter in the World Series. They are not equipped to do so. So [...]

Acton Institute | by Samuel Gregg | Nov. 18, 2009 It’s over a year now since the 2008 financial crisis spread havoc throughout the global economy. Dozens of books and articles have appeared to explain what went wrong. They identify culprits ranging from Wall Street financiers overleveraging assets, to ACORN lobbying policy-makers to lower mortgage [...]

American Thinker | by Randall Hoven | Mar. 12, 2009 I think I have it figured out, roughly. And I’m ready to assign blame. If my narrative is not exactly true, it is a hypothesis that appears to fit the facts. This particular hypothesis is conspiracy-free, although I still think something is really fishy about [...]

The Wall Street Journal | February 17, 2009 If you thought Washington’s stimulus debate was depressing, take a look at the long-running budget spectacle in California. The Golden State’s deficit has reached $42 billion, Governor Arnold Schwarzenegger is threatening to furlough 20,000 state workers (go ahead, make our day), and as we went to press [...]